M&A Deal Summary

DigitalBridge Group Acquires Vertical Bridge

On August 10, 2021, infrastructure investor DigitalBridge Group acquired infrastructure company Vertical Bridge from The Edgewater Funds, TJC, Stonepeak and La Caisse

Acquisition Highlights
  • This is DigitalBridge Group’s 3rd transaction in the Infrastructure sector.
  • This is DigitalBridge Group’s 9th transaction in the United States.
  • This is DigitalBridge Group’s 3rd transaction in Florida.

M&A Deal Summary

Date 2021-08-10
Target Vertical Bridge
Sector Infrastructure
Buyer(s) DigitalBridge Group
Sellers(s) The Edgewater Funds
TJC
Stonepeak
La Caisse
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs (Financial)
GreenbergTraurig (Legal)

Target

Vertical Bridge

Delray Beach, Florida, United States
Vertical Bridge is an owner and manager of wireless communications infrastructure. Vertical Bridge owns, operates and master leases over 266,000 towers, rooftop, billboard, utility attachment, and other site locations in support of wireless network deployments. Vertical Bridge was founded in 2002 and is based in Delray Beach, Florida.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer
DESCRIPTION
DigitalBridge's headquarters in Boca Raton, Florida.
DigitalBridge's headquarters in Boca Raton, Florida.

DigitalBridge Group is a global digital infrastructure investment firm. The Firm looks to acquire a variety of assets and operating businesses spanning cell towers, data centers, fiber, small cells, and edge infrastructure. DigitalBridge is headquartered in Boca Raton, Florida.


DEAL STATS #
Overall 16 of 23
Sector: Infrastructure M&A 3 of 3
Type: Secondary Buyout M&A Deals 5 of 6
State: Florida M&A 3 of 3
Country: United States M&A 9 of 10
Year: 2021 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Landmark Dividend

El Segundo, California, United States

Landmark Dividend is an aggregator of ground leases under essential micro-infrastructure such as cell towers and billboards. Landmark’s management team pioneered the ground lease acquisition business in 2002 and has successfully closed over 4,000 transactions. Landmark offers payments to property owners in exchange for long-term ground leases and real property easements. Landmark Dividend is based in El Segundo, California.

Buy $972M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-15 AtlasEdge Data Centres

London, United Kingdom

AtlasEdge Data Centres is a edge data center platform. AtlasEdge's distributed data center portfolio allows our customers to plan and shape their technology and network infrastructure to meet the growing requirements for lower latency, higher performance, and localized solutions. AtlasEdge Data Centres was formed in 2021 and is based in London, England.

Buy -

Seller(S) 4

SELLER

The Edgewater Funds

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.


DEAL STATS #
Overall 36 of 43
Sector: Infrastructure M&A 1 of 1
Type: Secondary Buyout M&A Deals 11 of 17
State: Florida M&A 5 of 5
Country: United States M&A 35 of 42
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Deerfield Agency

Conshohocken, Pennsylvania, United States

Deerfield Agency provides a range of marketing and operational services to pharmaceutical and biopharmaceutical clients including multi-channel marketing strategy and automation, creative services, analytics, digital design, media buying and management, salesforce integration and print management. Deerfield Agency is based in Conshohocken, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Flow Control Holdings

Cincinnati, Illinois, United States

Flow Control Holdings specialize in highly engineered sanitary and high purity flow components for market-critical applications within the food, beverage, and pharmaceutical industries. Flow Control Holdings was founded in 2018 and is based in Cincinnati, Illinois.

Sell -
SELLER

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 54 of 61
Sector: Infrastructure M&A 1 of 1
Type: Secondary Buyout M&A Deals 26 of 30
State: Florida M&A 2 of 2
Country: United States M&A 52 of 59
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 Allure Labs

Hayward, California, United States

Allure Labs specializes in research and development, formulation, contract manufacturing and other turnkey services for customers offering premium OTC and non-OTC skin care, personal care and cosmetic products. Allure Labs is based in Hayward, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Arclin

Alpharetta, Georgia, United States

Arclin is a manufacturer and formulator of proprietary surface overlays and specialty resins primarily for the residential building products market, as well as industrial, furniture, and non-residential construction markets. The Company serves high-growth applications, which are expected to continue benefiting significantly from positive trends in the market. It's IP-protected, proprietary products and assets drive key performance characteristics, and the Company maintains long-term relationships with its blue-chip customers and suppliers. Arclin was founded in 1992 and is based in Alpharetta, Georgia.

Buy -
SELLER

Stonepeak

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2011
PE ASSETS 73.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.


DEAL STATS #
Overall 7 of 10
Sector: Infrastructure M&A 2 of 2
Type: Secondary Buyout M&A Deals 3 of 4
State: Florida M&A 1 of 1
Country: United States M&A 6 of 9
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 Cirion Technologies

Miami, Florida, United States

Cirion Technologies is a provider of digital infrastructure, offering a comprehensive suite of fiber network, connectivity, colocation, cloud infrastructure, and communication and collaboration solutions. Cirion Technologies is based in Miami, Florida.

Buy $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Emergent Cold Latin America

Miami, Florida, United States

Emergent Cold Latin America is a cold storage network to provide integrated, end-to-end temperature-controlled logistics solutions to customers throughout Latin America. Emergent Cold Latin America was founded to fill a need for modern cold-chain solutions within the market and to serve the increasing demand from domestic and global trade customers. Emergent Cold Latin America is based in Miami, Florida.

Buy -
SELLER

La Caisse

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 90.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 9 of 21
Sector: Infrastructure M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 4
State: Florida M&A 1 of 1
Country: United States M&A 2 of 4
Year: 2021 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 ApplyBoard

Kitchener, Ontario, Canada

ApplyBoard is an online platform that empowers students around the world to access top quality education. ApplyBoard was founded in 2015 and is based in Kitchener, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Solutions Beyond Technologies

Montreal, Quebec, Canada

Solutions Beyond Technologies specialized in SAP solution integration and business process optimization. We offer intelligent, practical, and innovative solutions that give our clients a competitive edge, in a timely and cost-effective manner. Solutions Beyond Technologies was founded in 2005 and is based in Montreal, Quebec.

Buy -